Quarterly ResultMay 14, 2026, 02:08 PM
NextPlat Q1 Revenue $9.9M; Record 35% Gross Margin
AI Summary
NextPlat Corp reported Q1 2026 revenue of $9.9 million, a 29% decrease year-over-year, primarily due to lower healthcare prescription revenue. Despite the revenue decline, the company achieved a record consolidated gross margin of 35% and reduced total operating expenses by 9% to $4.5 million, leading to a 42% decrease in net loss to $1.1 million. Management expects to achieve positive operating income in the latter half of 2026, driven by higher-margin contracted healthcare services and continued expense controls.
Key Highlights
- Consolidated revenue was $9.9 million in Q1 2026, down 29% from $13.9 million in Q1 2025.
- Record consolidated gross margin improved to 35% in Q1 2026, up from 21% in Q1 2025.
- Total operating expenses decreased 9% to $4.5 million in Q1 2026 from $4.9 million in Q1 2025.
- Net loss attributable to common stockholders decreased 42% to $1.1 million, or ($0.42) per diluted share.
- Healthcare Operations gross margin nearly doubled to 39% in Q1 2026 from 20% in Q1 2025.
- e-Commerce revenues increased to $3.2 million in Q1 2026 from $3.0 million in Q1 2025.
- Secured a nationwide fulfillment partnership and contracted five new 340B entities in Q1 2026.
- Ended the quarter with $11.0 million in cash and $14.2 million in working capital.